(08-11-2022, 11:23 AM)KingIngram052787 Wrote:

(08-11-2022, 10:11 AM)mikesez Wrote: Ever since we became business owners I literally have no idea what the tax code says anymore.  I used to feel like I understood it back when it was just two salaries, some commissions and interest and dividends, and two kids.  Now there are disbursements and employees and depreciation and... I'm lost.  I just sign and hope the accountant did a good job.

But I've learned that no one really wants the code to be simpler.  People say they want that, but when it's time to fight, the guys who like their loopholes really fight for their loopholes, and the people who said they wanted things simpler just don't show up because they'd rather work on other issues. (Or not work at all)

Accountants don't want it simpler, either.  The more complex, the more business they get.  They have PACs to protect their profession just like all other lobbyists.

Most of the personal tax accountants that aren't dealing with small businesses are just using the software that you can buy yourself and answer the questions yourself. They really have no control over anything and frankly aren't worth the money you pay them.

The owners of those companies definitely don't want to simplify it.

Corporate taxes will never be simple so those jobs are always safe.

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